The collapse of the housing market coupled with the largest government intervention in the economy in US history led to a radical reorganization of the investment banking industry in 2008 culminating in the failure of two major US investment banks: Lehman Brothers and Bear Stearns. This paper...

The collapse of the housing market coupled with the largest government intervention in the economy in US history led to a radical reorganization of the investment banking industry in 2008 culminating in the failure of two major US investment banks: Lehman Brothers and Bear Stearns. This paper...

The Lehman Brother's corporate governance mechanisms and internal control systems were the utilization of the board of directors to regulate the functioning of the company. However, in spite of these control mechanisms and corporate governance, Lehman Brother's failed because the company was...